Maersk to up Pipavav stake

Maersk India, a subsidiary of Maersk Sealand, is negotiating to buy the entire stake of PSA Corp of Singapore and Sea King Infrastructure in Gujarat Pipavav Port Ltd, which operates Pipavav port on the country’s west coast.

There have been frequent reports over the past few months that Maersk was interested in raising its stake in GPPL, the country’s first privately owned port.Bhavesh Gandhi, vice president of Sea King, told , Business Line newspaper that Maersk was negotiating to buy his company’s entire stake in GPPL....

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This complete item is approximately 300 words in length, and appeared in the July 2004 issue of WorldCargo News, on page 9.

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